Why was BP's chairman Albert Manifold ousted, and what did the board say about his conduct?

BP ousted chairman Albert Manifold due to 'serious concerns related to important governance standards, oversight and conduct,' which the board deemed 'unacceptable.' According to senior independent director Amanda Blanc, while Manifold had 'helped bring a welcome focus and pace to BP’s transformation,' the board was 'surprised and disappointed' upon learning of these issues and acted decisively; the decision was unanimous, and no further details about the nature of the conduct were disclosed in the article.

Who is serving as BP's interim chairman, and what is the current status of the search for a permanent replacement?

Ian Tyler, a member of BP's board, was named interim chairman effective immediately following Albert Manifold's abrupt departure; BP confirmed that 'the search for a new chair is underway,' as stated in its Tuesday announcement, with no additional information provided about timeline, process, or candidate criteria.

BP Ousts New Chairman Over Conduct Concerns; Shares Slide

May 27, 2026

BP has dismissed chairman Albert Manifold citing governance and conduct concerns, appointing Ian Tyler as interim chair. The move comes as the oil supermajor faces falling demand and reduced earnings amid fluctuating crude prices.

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